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MFG

MUFG

SMFG

Shares of Japanese banks are trading higher following a report suggesting the Bank of Japan (BOJ) will discuss a yield curve control tweak to allow rates over 0.5%. This news directly impacts the US-listed Japanese banks MFG, MUFG, and SMFG.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 5:30 pm

SYK

Stryker (NYSE:SYK) has outperformed the market over the past 10 years by 4.45% on an annualized basis, producing an average annual return of 14.94%. If an investor had bought $1000 of SYK stock 10 years ago, it would be worth $4,028.40 today.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 5:30 pm

BUD

Anheuser-Busch InBev, the parent company of Bud Light, announced it will lay off about 350 employees, or less than 2% of its corporate staff, across the U.S. The layoffs come as sales of Bud Light have fallen due to conservative boycotts over the company’s partnership with transgender influencer Dylan Mulvaney. The company is also under investigation by Florida Gov. Ron DeSantis over potential breach of shareholder duties related to the partnership.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 5:27 pm

EB

Eventbrite's stock has been upgraded from Sector Weight to Overweight by Keybanc, which also set a price target of $14. This has resulted in Eventbrite shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 5:26 pm

SPY

The Federal Reserve has raised the federal funds rate to 5.25%-5.5%, the highest since February 2001. This decision impacts consumer and personal finance, including higher borrowing costs and tougher credit approval. However, it also increases yields on cash left in banks. The rate hike has also influenced the stock market, with the SPDR S&P 500 ETF Trust (NYSE:SPY) up over 20% since the beginning of 2023.

Portfolio Pulse from AJ Fabino

July 27, 2023 | 5:22 pm

TPIC

TPI Composites has reported preliminary Q2 revenue below consensus and has reduced its FY23 revenue guidance. This has led to a decrease in the company's share price.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 5:21 pm

SHYF

Shyft Group's shares are trading lower following the company's Q2 revenue results, which were below expectations.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 5:21 pm

NOA

North American Construction Group reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 5:20 pm

EOSE

Eos Energy Enterprises' shares are trading lower after Iceberg Research published a short report on the stock.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 5:19 pm

FAF

First American Corporation reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 5:18 pm